Starbucks believes that conducting business ethically and striving to do the right thing are vital to the success of the company. So the fact that Potter got sacked, as director of a research institute, for saying something in public that roused critics, is immediately worrisome to me. I write about business ethics, which pretty often means being critical of businesses. Government regulators must join the collaboration and assure business leaders that they will be more flexible and lenient with companies that are making a sincere effort to improve their ethical cultures.
But a real business is extraordinarily complex, with variables interacting in ways that cannot be modelled in the behavioural lab. We must keep in mind that when we give or accept gifts, hospitality and entertainment in interactions with business partners or healthcare professionals, this could lead to a conflict of interest and be perceived as a bribe or improper advantage.
For example, if a company is based in the United States and conducts business in Mexico, the company still is responsible for following the U.S. Foreign Corrupt Practices Act. Most business ethicists would accept that, in most cases, the prices at which products should be sold is a matter for private individuals to decide.
As discussed in environmental ethics especially, Christians see caring for the environment (stewardship) as a God-given duty. If you are a business owner I understand that you want to run your business the way you want. The Dustin Code of Business Ethics regulates how the company’s employees must act in relation to suppliers and customers.
Fassin et al. (2010) divulge that French business laws are unlike others, more comprehensive and restrictive. The price of economic efficiency may involve social and political costs” to the wider community. Briefly discuss the four combinations of legality and justice used to explain ethical issues.